DID MICHAEL FRANK GREENSTONE CAUSE YOU INVESTMENT LOSSES?
Michael Greenstone of Merrill Lynch Pierce Fenner & Smith And Formerly With Morgan Stanley Has 9 Customer Complaints For Alleged Broker Misconduct
Who is Michael Greenstone of Merrill Lynch Pierce Fenner & Smith?
Michael Greenstone (CRD #709165) who is currently registered with Merrill Lynch Pierce Fenner & Smith and located in Glen Rock, New Jersey is a subject of one of our many securities industry sales practice abuse investigations. Prior to Merrill Lynch Pierce Fenner & Smith, Michael Greenstone was associated with Morgan Stanley and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Michael Greenstone Customer Complaints
Michael Greenstone has been the subject of 9 customer complaints that we know about. Seven of Michael Greenstone’s 9 customer complaints were settled in favor of investors. Two of Michael Greenstone’s customers’ complaints were denied and the customers did not take any further action.
Allegations Against Michael Greenstone
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Claimant alleges unsuitability, among other things, with respect to investment recommendations made by Michael Greenstone.
- The customer alleges unsuitable investment recommendations by Michael Greenstone.
- The client alleges that Michael Greenstone failed to disclose that if the Highbridge Hedge Fund investment was taken out of an IRA account there would be severe tax ramifications. Client further alleges that now the IRS is viewing his investment as taxable when he redeemed his funds since it came out of his IRA. Client alleges his financial advisor failed to advise him of the details of the investment.
- The client alleged that Michael Greenstone placed her in a portfolio that was not suitable for her risk tolerance and her age.
Michael Greenstone Red Flags & Your Rights As An Investor
Of course, Michael Greenstone did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Michael Greenstone at Merrill Lynch Pierce Fenner & Smith and Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether Michael Greenstone has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Merrill Lynch Pierce Fenner & Smith and Morgan Stanley also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Merrill Lynch Pierce Fenner & Smith Due To Michael Greenstone
If you have questions about Merrill Lynch Pierce Fenner & Smith, Morgan Stanley, and/or Michael Greenstone and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.